Hi,
I’ve found a small 25 space park in Texas, I’d like to make an offer on.
19 ‘Rented’ spaces, 17 POH, and 6 vacant.
Is there a suggested ‘form-letter’ to use for this? It is an older Mom / Pop park, and the asking price, in
my opinion based on Frank’s formula is about 30% overpriced.

I’d like to make the $ offer, and ask for owner financing, probably 5% to start. Plus would ask for 60 days due diligence, knowing they may not go for that.
Not confident a bank would finance, but not 100% sure on this. This is being offered by a realtor-office.

The last time I made an offer through a realtor, they had in their standard contract that as long as financing found < 15%, it was a go… sure didn’t care for this.

“I’d like to make an offer on MHP XXX. My offer is:
$400,000
Owner Financing Terms at 15 years, 5% with 10% down
60 Days Allowance for Due Diligence”

I am a South Carolina Real Estate Broker-In-Charge.

I prefer to use a South Carolina “Agreement To Buy And Sell Real Estate” for MHP Offers.

In South Carolina if the MHP is listed on MLS typically the Seller will offer both the Seller’s Real Estate Agent a commission and the Buyer’s Real Estate Agent a commission…only if the property is successfully closed.

An Experienced Mobile Home Park Real Estate Agent in that area should be able to help you with an Offer for the MHP.

Typically in South Carolina the commission for the Buyer’s Real Estate Agent should come directly from the Seller’s Proceeds at a Successful Closing.